| #46 | Leadway Assurance Company |
|---|---|
| BSM Index | 51 |
| YoY | -2 |
| CEO | Tunde Hassan-Odukale |
| Year Founded (in Nigeria) | 1970 |
| Website | https://www.leadway.com/ |
| Head Office | 121/123 Funsho Williams Ave, Surulere 101283, Lagos |
| Nationality | NG |
| Customer Base | – |
| Number of Branches | Leadway has over 24 Branch Offices with Kaduna serving as the Registered Office and Lagos, the Corporate Office |
| Annual Turnover | N38.5 billion representing a 13.5% increase |
| Employees | – |
| Marketing Budget | – |
Leadway Assurance Company, fondly called Leadway, is a Nigerian foremost and one of the biggest insurance services providers in Nigeria, providing commercial and personal property and casualty insurance, travel insurance and life insurance.
For almost 5 decades, LEADWAY has honored its underwriting commitments and has earned its reputation of excellence in claims handling. Its evolution since 1970 has mirrored the dramatic expansion of indigenous insurance service providers, with LEADWAY remaining in the forefront as an insurer of repute.
This reputation has been attained by the continuing pursuit of improvements to maintain competitive advantage. All aspects of its businesses are approached with discipline; the recruitment of staff, the development of products, the advancement of technologies and the personal service offered to each client.
Leadway was established in 1970 by Sir Hassan O. Odukale. It commenced business in 1971 and started out as a direct motor insurer. It expanded into other areas of general business until it became a composite company underwriting both life and general insurance business. The company’s financial capacity grew over time, and can now underwrite risks of very high magnitude as regards heavy industries, such as Oil and Gas and big manufacturing concerns. It also offers subsidiary financial services like Bond, Secured Credit, Miscellaneous financial losses and Fund/Portfolio management.
The brand is also a formidable name in the health management business, HMO, with its recently launched app, which also comes with telemedicine for better access to its fast growing clienteles
The founder’s vision which has been the guiding principle, symbolised by a camel logo was an insurance company that is a risk transfer mechanism, enabling insurers to carry all types of financial burden, a ‘BURDEN CARRIER’. Just like a camel, insurers are expected to have the required strength and tenacity to survive, even during difficult times, if indeed they are to protect the interests that have been transferred to them. Leadway has lived by that since inception.
Today, Leadway assurance is the biggest insurance company in Nigeria in terms of annual turnover.
